Terms of Service
Luckyminers is a crytocurrency mining pool, that allows individual miners to pool their computing power to mine cryptocurrencies more effectively.
You means any person, whether an individual or a legal person, who uses Luckyminers website and/or platform to mine cryptocurrencies with Luckyminers. This terms of use agreement (the “Terms of Use”) describes the terms and conditions applicable to your access and use of this website (the “Website”) and your participating in Luckyminers cryptocurrency mining pool by mining/farming the cryptocurrency (“Cryptocurrency Mining”). This Website is owned and operated by Luckyminers. You accept these Terms of Use by using the Website. If you do not agree to these Terms of Use, you must not use the Website or the platform. Luckyminers may revise these Terms of Use at any time by posting the revised Terms of Use on the Website, and you agree that your use of the Website after such changes will constitute your acceptance of such changes. These Terms of Use apply to all users and visitors of the Website.
By using this Website and/or participating in Luckyminers mining platform, you confirm that you are the legal age of majority under your jurisdiction’s applicable law and have capacity to form a binding contract with Luckyminers. You understand and confirm that when using this Website, you must abide by and comply with these Terms of Use and any applicable local laws of your jurisdiction. Luckyminers bears no responsibility or liability for your use.
Cryptocurrency Mining and Cryptocurrency Farming are referenced as “Cryptocurrency Mining” below.
Mining of cryptocurrencies is a process, in which miners perform mathematical operations to verify and add transactions in a form of blocks to the public cryptocurrency ledger (the blockchain).
When someone sends cryptocurrency anywhere, it’s called a transaction. When a miner successfully verifies a block of transactions, the miner is rewarded with a block reward and the transaction fees from the transactions included in such a block.
Transaction fees are the fees that other users of the cryptocurrency network pay to have their transaction verified by miners.
The mining pool allows miners to pool their computing power and then share the received rewards and transaction fees proportionally, so that the miners are rewarded on a more consistent basis.
When you connect your device to the pool and let Luckyminers know that you would like to start mining, Lyckyminers will then assign you a particular computing power intensive task and you will then use your hardware to perform the assigned task and to communicate the solution to Luckyminers. Luckyminers may at any time decide not to use your computing power (to refuse it) without having to give a reason.
You may at any time choose to stop mining with Luckyminers by replacing Luckyminers Pool URL with another URL in your miner config. You agree that you are responsible for obtaining any necessary information on tax and other similar obligations that you have in relation with mining cryptocurrencies. Luckyminers is not responsible neither for obtaining such information for you, nor for compliance with such obligations.
You agree not to abuse, hack, attempt to hack, or take any other hostile action on (for example, block withholding attack, botnet attack, etc.) any of Luckyminers mechanisms, processes, mistakes, bugs or imperfections in programming or errors in the respective cryptocurrency network to take advantage of or disadvantage any miners, or to disrupt the operation or the availability of the pool.